March has been a testing time for the local real industry. After
a true 'wet season' and press reports of devastating floods and
cyclones throughout Queensland, Noosa's visitation levels were
again lower for March. This subsequently impacted on enquiry
levels through our sales department

Many of the property transactions that did take place were
described as 'absolute bargains', often due to the fact that the
selling price was well under the listing price. However, in many
cases these listing prices were far too optimistic (funny how the
media choose to ignore this in reports).

We traditionally see a spike in real estate activity over Easter,
which is being reinforced by an increase in enquiries during
April.

With the level of recent enquiry from interstate and
international buyers on the increase,it seems buyers are again
looking at property in Noosa seriously.

Over Easter we have 7 'On site' auctions scheduled, and are
looking forward to the weekend being a great success. It's
traditionally a busy time and we are feeling buyers may make the
most of current opportunities, after failing to act over
Christmas. Noosa has experienced similar conditions before;
during both the early 1980's and 90's where the market fell by up
to 30%. In both cases the market then recovered fully and posted
significant gains in the following years.

This means that 2011 could be a year of tremendous
opportunity.

Our ongoing research indicates that we're at the bottom of the
property cycle now and the growth cycle will return! Buyers are
now commenting again that they believe Noosa represents
value.

Remember, the fundamentals of Noosa have not changed and, if
anything, the unique qualities of this area are reinforced as
each day goes by.